Post
Topic
Board Economics
Re: Economic Crash may take bitcoin to 1M dollar
by
Tony116
on 21/09/2023, 03:49:57 UTC

Some people are of the view that if there is an economic crash, then the stock market and the commodities market will crash and so will the bitcoin price will tremble. This may happen but I think the bitcoin will recover quickly and people will invest in the bitcoin. And who knows bitcoin may not fall at all if all this happens in a slow and steady fashion.
When there is an economic crash, it affects everything in price and Bitcoin is not an exception to it. The advantage of having bitcoin as an investment in times of economic crashes is to be in a good position to have gains when the market recovers. It is always certain that it will no matter how prolonged the economic crash will last.
OP, why do we always make wild assumptions and thoughts about bitcoin? Aren't we also in a time of economic crisis and we can see how bitcoin is doing? Will it go down in price or will people invest heavily in it and cause it to go up in price? The obvious answer is that bitcoin is becoming stagnant just like other financial markets, but many people do not want to accept this fact and want to believe that bitcoin will be different. Bitcoin is also affected by inflation and interest rates, we should accept that fact, stop being delusional.